Currys (LON:CURY) Earns Buy Rating from Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “buy” rating on Currys and set a GBX 210 price target, implying 39.63% upside from the prior close.
• Analyst sentiment remains positive, with Currys holding an average “Buy” rating and a consensus price target of GBX 178.50 from MarketBeat-tracked analysts.
• Currys shares opened at GBX 150.40, down 0.9%, while recent company results included quarterly EPS of GBX 13.40 and a net margin of 1.78%.

Currys (LON:CURY - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Berenberg Bank in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 210 price target on the stock. Berenberg Bank's target price would suggest a potential upside of 39.63% from the stock's previous close.

A number of other equities analysts have also commented on CURY. Citigroup boosted their price objective on Currys from GBX 168 to GBX 184 and gave the stock a "buy" rating in a research note on Friday, July 3rd. Royal Bank Of Canada raised Currys to an "outperform" rating and decreased their price objective for the stock from GBX 180 to GBX 165 in a research note on Tuesday, June 16th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 155 price target on shares of Currys in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 178.50.

Currys Stock Down 0.9%

Shares of CURY stock opened at GBX 150.40 on Thursday. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 39.53. The stock has a 50 day moving average of GBX 158.37 and a 200-day moving average of GBX 147.08. Currys has a 12 month low of GBX 116.70 and a 12 month high of GBX 169.50. The firm has a market cap of £1.54 billion, a PE ratio of 10.37 and a beta of 1.25.

Currys (LON:CURY - Get Free Report) last announced its quarterly earnings data on Thursday, July 2nd. The company reported GBX 13.40 EPS for the quarter. Currys had a return on equity of 7.10% and a net margin of 1.78%. On average, equities analysts predict that Currys will post 9.5199569 EPS for the current year.

Currys declared that its board has approved a share repurchase program on Thursday, July 2nd that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling at Currys

In related news, insider Alex Baldock sold 1,742,877 shares of the company's stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of GBX 165, for a total transaction of £2,875,747.05. Also, insider Bruce Marsh sold 937,215 shares of the firm's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of GBX 165, for a total value of £1,546,404.75. Over the last three months, insiders sold 2,872,081 shares of company stock worth $473,701,376. 16.03% of the stock is currently owned by insiders.

About Currys

Currys plc is a leading omnichannel retailer of technology products and services, operating online and through over 800 stores in 8 countries. We Help Everyone Enjoy Amazing Technology, however they choose to shop with us. In the UK & Ireland we trade as Currys; in the Nordics under the Elkjøp brand and as Kotsovolos in Greece. In each of these markets we are the market leader, employing 28,000 capable and committed colleagues. Our full range of services and support makes it easy for our customers to discover, choose, afford and enjoy the right technology for them, throughout their lives.

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